the multi-residential group
TRANSCRIPT
FOR SALE | 28 UNITS
133 Erskine AvenueTORONTO, ON
FOR SALERedevelopment Opportunity
Luxury, 11-storey, 28-unit apartment building
Premier redevelopment opportunity
Integral corner lot
Major neighbouring new condo developments
Rental income in place
*Broker † Sales Representative
David Lieberman†, [email protected]
Neil Musselwhite†
Vice [email protected]
Jonathan Hittner*Vice [email protected]
For more information please contact THE MULTI-RESIDENTIAL GROUP:
Existing Building Details
Erskine Avenue
Redpath Avenue
Avison Young has been mandated to advise and manage the sale of 133 Erskine Avenue, Toronto, ON (the “Property”). A premier opportunity to acquire a premier apartment building with integral lot positioning and holding income.
Opportunity
Yonge & Eglinton Neighbourhood
Area Amenities
Walk Score
Address 133 Erskine Avenue
Description11-storey apartment building, comprised of 28 units.
Site Area 12,389 sf (0.28 ac)
Suite Mix
Water 4 domestic hot water tanks with one gas-fired boiler
Hydro Bulk meter
Laundry 2 washers & 2 dryers
Parking 27 underground stalls
Heating Electric baseboard heating
Financing Treat as Clear
Type No. ofUnits
Avg. Existing Rent
Market Rent
1 Bedroom 2 $1,357 $2,000
2 Bedroom 25 $1,838 $2,450
Penthouse(2-floor unit. 4 Beds) 1 $3,500 $6,000
133 ERSKINE AVENUE
Highlights28-unit luxury apartment buildingLarge suites including 2 floor penthouseCorner lot suitable for redevelopmentNew condo projects throughout area
133 Erskine Ave is located a short walk from Yonge-Eglinton. Yonge and Eglinton is poised for significant densification over the coming years and is making a case to be the new ‘Central Toronto.’ It serves as both a major employment hub as well a transit node. 133 Erskine is close to both the Mount Pleasant and Yonge/Eglinton stop on the LRT which is scheduled for completion in 2022.
133 Erskine also falls under the Mid Town Secondary Plan. Properties that fall within this Secondary Plan will get extra consideration when it comes to redevelopment/ infill.The adjacent site at 241 Redpath Ave is seeking 35 stories.
94WALK SCORE
BIKE SCORE
TRANSIT SCORE85 71
133 Erskine Avenue
The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.
*Broker † Sales Representative
For more information, please contact
THE MULTI-RESIDENTIAL GROUP
David Lieberman†, [email protected]
Jonathan Hittner*Vice [email protected]
Neil Musselwhite†
Vice [email protected]
Avison Young Commercial Real Estate (Ontario) Inc., Brokerage18 York Street, Suite 400, Toronto, ON M5J 2T8 T: 416.955.0000 F: 416.955.0724
avisonyoung.ca
The property is being offered for sale “unpriced”.
All expressions of interest should be submitted in the form of an Agreement of Purchase and Sale and should include the following:
• Address and contact info
• Purchase Price
• Deposit Structure
• An indication of material terms required by the purchaser
• Evidence of the purchaser’s financial ability to complete the transaction
Pricing
Offers will be reviewed after August 6th, 2020.Please contact the listing team with any questions.
Additional information is available upon request and written acknowledgement of confidentiality
Offering Process